Buying something to save money, eh?
Let's think about that.
I assume your current car is paid off and it gets 23mpg.
Used economy car: $6000
6000/3.69 (current price of gas here) = 1,626 gallons
1,626 gallons x 23 mpg = 37,398 miles you could drive your current car for the cost of a 'cheaper car'. That's not counting registration, maintenance and additional insurance.
To you, this might work since you drive so many miles/day. I only drive 7 miles round trip and come home for lunch, so it would take me roughly 7 years for it to make financial sense.
Just for fun, if I bought a 30k new car to 'save money' I could just drive my current vehicle instead, for another 186,990 miles, or roughly 36 more years. lmao
Let's think about that.
I assume your current car is paid off and it gets 23mpg.
Used economy car: $6000
6000/3.69 (current price of gas here) = 1,626 gallons
1,626 gallons x 23 mpg = 37,398 miles you could drive your current car for the cost of a 'cheaper car'. That's not counting registration, maintenance and additional insurance.
To you, this might work since you drive so many miles/day. I only drive 7 miles round trip and come home for lunch, so it would take me roughly 7 years for it to make financial sense.
Just for fun, if I bought a 30k new car to 'save money' I could just drive my current vehicle instead, for another 186,990 miles, or roughly 36 more years. lmao
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